'The team’s investment philosophy and process will remain unchanged during this time,' a spokesperson for the firm said.

Until a replacement is found, the team will report to co-head of equitites Alex Crooke.

Crooke said Janus Henderson is actively pursuing various options for maintaining its global emerging markets capability, which includes recruiting new talent.

'We remain fully committed to the emerging markets asset class. We have over 350 investment professionals globally, a broad spectrum of active investment capabilities and a strong global client service team,' he said.

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'We are optimistic about the opportunity to build a genuinely differentiated Emerging Markets investment capability.'

In the last three months of 2018 client redemptions from Janus Henderson accelerated to $8.4 billion (£6.4 billion), taking its annual outflow to $18 billion and the total since early 2017 to around $28 billion.

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